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to work. >> , come thank you. [applause] >> more about the impact of the fiscal cliff coming about as the joint chief of staff >> i think the writers institute is very important that in the culture. we are a culture of words, of the voices. the words are key to our imagination and a capacity to envision things. we ourselves are tied to print on the page. but i think there is no other art form so readily accessible that is something in literature and the just captures the human spirit. .. former chairman of the joint chiefs of staff admiral michael mueller joined former senators in the house armed services committee chairman this week to urge congress to avoid sequestration. also speaking over the next 50 minutes, arms services committee chairman sam nunn, ike skelton and the national security hosted this event in washington, d.c.. >> good afternoon. thank you for coming. my name is pete peterson. i would have given you a review of the foundation and why we are supporting the project you are here about today. starting about 30 years ago, after studying the profound demographic trend
to hold on to funding. but there is this. if no deal is struck and the fiscal cliff comes, then $600 billion in automatic tax increases and spending cuts will kick in. that could affect a lot of programs in the room and that will absolutely leave an awful lot of voters, democratic and republican, unhappy. >> i want to take a closer look at what each side wants in the fiscal cliff and dpoeshiations, where they stand on taxes and savings. gloria borger joining us live. that was pretty cool what tom did. >> love that virtual studio. >> unbelievable. >> great. >> tell us a little bit about the sticking point here. it's about the taxes on the wealthiest 2% of americans and the president sticking to that. republicans, it looks like some of them at least willing to move or budge on that. where do we stand? >> a little bit. we're kind of in the part of this where each side's waiting for the other side to go first, suzanne. and of course, the big sticking point, as you point out, is revenues. they have to figure out what to do about revenues before they figure out what to do about anything el
with our debt bomb. giev tot face the fiscal cliff that's coming in a couple of weeks. >> so you know what both sides are saying. the president is saying there's no way to make the math work without raising the rates for the top income earners and that the republicans should give in on this. >> yeah, yeah. >> do you think he's right? >> well, i understand that position. that was the position he took during the campaign. but what has to happen in my view, you've got to have everything on the table. yo view to have revenue increases. now, how you get those revenue increases was an item of discussion during the campaign. it are be an item of discussion during the negotiation. i for one think you could get there in way that would promote economic growth by eliminating -- by bronding the tax base, by eliminating loopholes and deductions. the truth of the matter, fareed, is we're not undertaxed as americans. we overspend. i think everybody would agree we overspend. that's why we have this debt to gdp over 100%. fars as the eye can see, absence poultcy changes. whatever you do, you first have to
, we have got to face the fiscal cliff that's coming in a couple of weeks. >> so you know what both sides are saying? the president is saying there's no way to make the math work. without raising the rates for the top income earners and that the republicans should give on this. >> yeah. >> do you think he's right? >> well, i understand that position, that was the position he took during the campaign. but what has to happen in my view, you've got to have everything on the table, you have to have revenue increases. now how you get those to revenue increases was an item of discussion during the campaign, and it's an item more negotiation, i for one think you can get there by eliminating and broadeninging the tax base which eliminating loopholes and deductions. the truth of the matter is that we're not undertaxed as americans, we overspend. i think everything would agree that we overspend that's why we have this debt to gdp of 100% as far as the eye can see absent policy changes, so whatever you do, you first have to agree what the level of debt to gdp ought to be. and there will be a d
in sight for the fiscal cliff hanger. >> when it comes to the fiscal cliff threatening our economy and jobs the white house has wasted another wee>> why speaker says the president's my way or the highway approach is getting us nowhere. >> the feds are borrowing nearly a billion dollars a day. so why is the white house saying reducing our debt not really the goal? >> thank you, eric, it's the most watched video on the internet of all time. he is set to perform for the president. gangnam style said about our soldiers a few years ago. that controversy kicking up this morning. "fox & friends" hour one begins right now. >> get out the coffee. wake up, everyone, thank you so much for waking up with tus, it is "fox & friends" on this saturday morning. dave bowling in for dave briggs. >> come in and do the show with us today. more filling in today than the regulars. we are glad to be on with you clayton. >> you are on an interesting morning because congress now just 23 days left, 23 days until we head off that flif. fiscal cliff. if you listened to speaker boehner yesterday he is reading reports th
on the fiscal cliff coming up on the sunday round table in 20 minutes. next is paris from maryland on the independent line. caller: my question is, how money -- i think we need to go back to the basic for all americans to understand how money is made. how is it created. it is a clear understanding, that is the point. what organized people to come together to do something like school, police department, all of these types of things. how is it created? what is day one? as what i am looking at, what is day one? when civilization first expands, how money was created? host: the republican address came from marco rubio who has had a higher profile the last couple of months including his acceptance of the camp award in washington. here is more from the florida senator in the republican response. [video clip] >> americans of struggling to keep middle-class jobs for two reasons. we're not creating enough of these jobs and too many people did not have the skills for the jobs that are being created. a limited government can and help solve these challenges. we must get the national debt under
to the united states, bill richardson. so that interview coming up later. >>> as fiscal cliff talks here in washington are showing little movement towards a deal, there's now a new report that president obama may be willing to put raising the eligibility age for medicare on the table. is that true? we will discuss more this more in our strategy. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. welcome to chevy's year-end event. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. get the best offer of the year -- 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. hurry. bonus cash ends january 2nd. humans -- sometimes life trips us up
. investors waiting to see what comes out of the fiscal cliff negotiations and in europe, a choppy start to the trading day. investors are waiting for the results of greece's bond buyback program occurs. joe has some of the big corporate news and this one is actually a global corporate story. >> hsbc. we're talking about paying $1.9 billion in the money lawnering lapses. a brirchb lender admitting to a breakdown of controls, in a statement announcing a deferred payment. yesterday standard chartered agreed to pay $27 million agreeing that it violates sanctions against iran and two other international companies. >> if you're an international bank and you prael without getting into this kind of trouble? >> no. >> can you actually operate without money laundering? >> i'm just saying, if you're going to be in business in all these types of markets, isn't this going to happen? >> aren't there sxwier countries that would be probably -- that it would stead if you don't want any business tale. >> was there a fascination in this country about whether you want to indict the whole institution or wha
to believe i'm in new york city when i'm even here for a few hours. i'm kidding, guys. the fiscal cliff cloud is lingering. here it comes, i know. defending new york city. in your three-block view. the president used last night's national christmas tree light to go remind everyone the holiday season is for merry times. >> the tree has one message, it's christmastime, not disaster time. >> within their three block radius. our friday gaggle who are all bashing me, republican strategist, former adviser to chris christie, maggie, who is the defender of new york city, senior political reporter for politico, ann reid. >> morning, brooklyn. just saying. >> she is a floridian. that's why i allow you on. come on, now. managing editor of the grio.com. fiscal cliff. mike, i want to start with you. it does seem as if there are three groups of republican thought, right? you have the conservatives saying, you know, don't relent on this. upset jim demint was critical of john boehner the day before he left the senate saying i can't believe you agreed 0 to any tax relief, where the house is trying to configur
with these fiscal cliff negotiations? do you see that coming together, both sides? >> i hope so but there's a cliff in this country in terms of how we approach things. the president ran on a plank, very wealthy no longer should get a tax break. middle class taxpayers should continue to get a lower tax than they otherwise would. the republicans, if i might say so, simply have to listen to the election results. the president was clear. we asked can dates to be clear about their positions. the president was utterly clear that the tax rates for high income people should return to the clinton era. the people spoke. the republicans should listen. jenna: congressman, pleasure to have you on set. look forward to have you come back. talk to us about spending at the national level. >> be glad to do that. jenna: thank you for the time. jon? jon: get away from all this earthly talk of fiscal cliffs and other problems and get to dramatic new findings from space. nasa's hubble space telescope has helped astronomers discover something never seen before. we'll tell you about it coming up [ malennouncer ] it's tt t
. >> 40 minutes past the hour. it's all quiet on capitol hill. when it comes to the looming fiscal cliff crisis that could be a good thing. in 21 days we go over that cliff and four days to get a deal done before they head to christmas break. drastic tax hikes and spending cuts loom. cnn political reporter shannon travis jones us live from washington. what are you hearing? >> well, we're hearing that the negotiations are continuing, zoraida. exactly what those negotiations contain, what's actually happening in them, we're unclear of. so we know that president obama and house speaker john boehner had that one-on-one meeting on sunday, it was their first since mid-november. discussions have continued but, again, very light on details. both sides yesterday put out statements from a public and then from the white house. very light on details. i'll read just one of them for you. quote, discussions with the white house are taking place but we have no detail to share about the substance of those conversations. the republican offer made last week remains the republican offer and we continue to w
convinced they are not going to come to an agreement on the fiscal cliff unless compelled to do so by an adverse external event like a sharply lower equity market. lou: and is, you know, i can't imagine a market ever going down as john is suggesting here simply because a government chooses not to function. >> well, if it means we're headed into recession, the markets will react. in a typical bear market, stocks sell off by 20%. it's great to have a compromise before the year end, but time is running out. it's not possible. lou: how is it that a treasury secretary responsible for the integrity of the markets, the currency, responsible, indeed, for the financial system of this country, largely, broadly, and internationally, would sink to the level of a political operative making statements about we're going over the fiscal cliff and we're ready to go. >> the president put him in charge of the negotiations from his point of view. lou: clever. >> he's wearing two hats at this point in time. consider here, yes, there's a big complicated negotiation that needs to take place, but there's
as the fiscal cliff. were talking about using something is coming, you think that is good news. >> there is always the inside game and the outside game. they will talk to their base and their constituents. they have to get something by the 18th which is next tuesday so they can vote an on it. the matter what it is, something will be coming out of there. nicole: something will be better than nothing out of washington. that is the latest. he sounds pretty happy at least at the moment. today he is positive. tracy: here is a glass half full. we will take it. ashley: thanks, guys. looking at the old tea leaves of what is going to happen with speaker boehner taking the house floor with 20 days until we fall off the fiscal cliff he says it is time for president obama to get serious. really? rich edson in d.c. for all of this. >> actually somebody has to be positive, right? in d.c. we are not getting it right now. sources are looking at these meetings and saying there is essentially no move in it the last couple of weeks or so. house speaker john boehner confirms that on the house floo
going off the fiscal cliff. one more good hour coming up. stay with us. >> announcer: this is the "bill press show." [ ♪ theme ♪ ] >> bill: good morning friends and neighbors. what do you say? good to see you this morning welcome to the "full court press" here on current tv. coming to you live across this great land of ours. on current tv. and bringing you the news of the day. not only that, giving. >> chance to talk about it. sound off at 1-866-55-press. that is our toll free number and good news, good news, as of yesterday, the recreational use of marijuana is now legal in the states of colorado and washington states but be careful! because also yesterday the department of justice announced -- reminded us all that marijuana is still illegal under federal law and the department of justice says they will continue to enforce the federal law even in colorado and washington. big mistake. the people have spoken! all right. we'll get your take on that and a whole lot more. but first, we take time out
speaker boehner is facing some intense pressure, not just when it comes to the fiscal cliff, but also over his ability to remain head of the house. several members of the g.o.p. have already hinted that they will not vote to re-elect him. just yesterday the conservative interest group american majority action endorsed georgia representative tom price to replace boehner. the group is launching a lobbying effort, trying to get more rank and file republicans on board with that vote. for now, boehner is not in any danger and a spokesman says price will not challenge him but house members can vote for anyone they choose come january 3rd. >>> when it does come to the fiscal cliff, both boehner and obama say they want more specifics. the president is promising $400 billion in reduced entitlement costs but boehner's office wants more details on what exactly those will be. and boehner is claiming he will increase tax revenue by limiting deductions and loopholes but has still failed to specify exactly which ones. at a michi
've heard a million times, the end of the year, that's the fiscal cliff if we don't come up to a solution by then, we're going to sail off the fiscal cliff thelma and louise style. washington doesn't work like where everybody is in the hall and work it out. no, they're estimating if we're going to wind up with a deal that will go into effect on the first day of january, 201, they've got to hammer things out by this weekend. so this weekend is the fiscal cliff. >> gretchen: because it takes a while to write the bills. >> eric: and has to originate in the house and right now, john boehner and president obama are miles apart allegedly. it doesn't look like they're gotting any closer. so it's got to go to the house, then gets sent, assuming it passes, to the senate, gets marked up and has to be agreed upon in committees and conference and then eventually gets signed by the president. >> steve: it just takes time. >> eric: there is a holiday. >> gretchen: somebody who had to handle something similarly about a decade ago was rudy guiliani when he was mayor of new york city. he was faced with a
that extra half hour to work things off. we have a good show coming up today, mika? >> the fiscal cliff stuff, the one-on-one noexations are going well. "getting more serious." the fight about it all continues. how about right to work. thousands of people are expected to converge on the michigan state capital in lancing today, as part of a controversial union battle that is about to unfold. >> that is going if be fascinating. >> are we going to be serious? >> yes, yes. when in doubt, serious. >> asking you about pot or growing the economy? growing weed or the economy? >> republican lawmakers are trying to push through this. >> michigan is a heavily unionized state, why would it be going right to work? enormous downward pressure on american wages coming from companies all over the world that can make things cheaper here than else where. our wages are competitive in lot of ways. do you want fewer jobs at higher wages or more jobs at lower wages? what you see in this is a decision that we want more jobs. >> you look at the trend lines for michigan, detroit. i think that's a pretty easy. i mean,
to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> joining me now, white house correspondent for the hill and congressional correspondent ed o'keith. hi, guys, good to see you both. >> good morning. >> you heard john boehner. we'll start with you. meanwhile the white house say republicans are the ones to blame for dragging their feet. at least publicly, seems we're walking on a treadmill, getting nowhere. anything bigger churning behind the scenes? >> we certainly hope so. the fact two sides do toin to talk, even if we don't necessarily hear about every detail is encouraging. it does appear republicans are getting close to the idea of raising -- sorry, of cutting taxes for middle income americans and maybe sorting out higher incomes a little later. certainly things aren't necessarily going the republicans way. i think we've seen polling this week that suggests congressional republicans would be held to account if, in fact, the country does go over the cliff. but friday sort of signaled, as boehner said, there really hasn't been su
the iranians from going weaponized. all this fiscal cliff talk reminds us of cliffhangers in the movies but which cliff scene will washington's dare devil act look like? could we see both sides leap to safety at the last minute like paul newman and robert redford in butch cassidy or could it be more like rebels without a cause drag racing toward a danger they don't appreciate until it's too late. [screaming] there are other movies where going over the cliff is a planned thing like it was for bill murray's desperate character trying to end his recurring nightmare in "groundhog day." >> we musn't keep it waiting. >> he might be ok. chris: the worst movie analogy we could imagine ends badly for all concerned. let's hope and pray that thelma and louise are not boehner and obama. my own favorite clip is mount rushmore, "north by northwest," the hitchcock great with cary grant pursued by spies. the survival is never in doubt. not sure if that's true now. when we return, the hillary clinton for 2016 talk is ready to roar. scoops and predictions. chris: we just re-elected barack obama but the h
in the situation room. they're working very hard to avoid the fiscal cliff. thanks so much for coming in. for so long, republicans wanted to extend the bush tax cuts forever, now for 98% of the american people, the democrats are saying, we're ready. we've given up, we'll let you have those bush tax cuts for as long as possible. let's just resolve that, we'll move on to some of the tougher issues later. let's make sure that 98% of the american families have these lower tax rates into next year. why not give that? >> the debate over those top two pshsz, is really a strong man debate. what we need is tax reform in america. we need a simpler less complicated tax code. >> i agree with you. we need a tax reform. why not resolve this one issue, make sure taxes don't increase for 98% of the americans, 100% of americans for their first $250,000 a year. let them have that, and then move on to tax reform and some of the other issues. >> i think it's important not to confuse a quick fix with a real fix. we could increase the top 2% their tax rates to 100% and it would cover 91 days worth of spending. it doe
will keep coming, and we will not hit the fiscal cliff. >> all right, gentleman, thank you for your insight. we'll see if there'll be a deal. time is running out. >>> live pictures as protesters outside the state capital continue to gather in lansing, michigan. hundreds are there to protest the right to work vote. today our poppy harlow is live inside the state capitol right now. poppy, what are you seeing around you. paint a picture for us inside the capitol. >> reporter: absolutely. well, we just got in some video, so hopefully our viewers can see that. this is the scene of the house senate chambers here at the state capitol in lansing, michigan. the house is currently in session and could vote any moment on this bill for right to work. i want to walk you -- it's really loud, but i want to walk you into the hall here. somewhere between 400 and 500 protesters chanting, we are union, we are union. [ inaudible ] >> all right, all right, poppy, we're going to give you a second to move a little bit inside the capitol there. we can't understand most of what you are saying. clearly, a lot of peo
, here we go. it's been a busy week. fiscal cliff week for the most part, a lot of other -- that and a lot of other news to talk about today. we have the big job numbers coming up today as well for the month of november. it won't be quiet as critical as the job numbers were. remember that? that was right before the election. but still, it's very important. we'll be on top of that and all of the other issues for you and with you and hearing from you at 866-55-press. >> that's our toll-free number 866-557-7377. follow us on twitter. join us on twitter. more and more people do. at the whitehouse, so many of the reporters were saying how much they love following us on twitter. you should, too, at bp show @bp show @bpshow and facebook/billpressshow. team press here for the fifth day in a row all together. this is a new record action i think. here we are five days. nobody took a day off. peter ogburn and dan henning. >> happy friday. >> and cyprian bowlding wearing god knows what hat this morning. our videographer in chief. >> the washington fue
form until december 31 and will come back quickly on january 3 after we have gone over the fiscal cliff. guest: i suspect congress and the president to be around close to new year's eve. the probability is that rationality will prevail and the president and congress shall make a deal to avoid the fiscal cliff and another recession. host: for that to happen, something has to happen this week? guest: not this week but every day that so little gets done raises the chance it will go wrong. i worry about that a lot. guest: it is a small deal, they can do something quickly. it may not require even a roll-call vote. to do the big deal, they did not have enough time to do the big deal when congress reconvenes on november 13. so the idea with two weeks to go is very small. host: final word? guest: i think it is time to talk about the spending side. look at anyone trying to run a federal agency and they are being told the budget will be cut at 14% across the board beginning january 2. this is a ridiculous way to run a country. host: douglas holtz-eakin is the former director of the congressional
's very foggy about seeing the picture of how exactly this all comes together on the fiscal cliff negotiations. while there are outlines of what a possible compromise could look like, liken stead of raising tax rates to 39.6% which was the clinton-era rate, maybe go to 37% and close some loopholes and deductions. there are still not indications that house republicans are willing to do that. and on the spending side, which really if you look at the media across the board, there hasn't been a lot of focus on it at all. the spending side. and what spending cuts are on the table. we haven't heard anything specific about what is in addition to what's been out there from the very beginning. jon: right because the republicans claim the country doesn't have an income or a revenue problem it has a spending problem, and that's where republicans say the bulk of the savings, or the rescue plan for this -- this budget is going to come. >> reporter: sure, i mean you have some proposals that are out there, for example, means testing, medicare, social security. you have adjustments to consumer pr
or may not go over the fiscal cliff but regardless the economy has stalled and taxes are going up. i mean there is certainty. it is just not great certainty. >> you know, as a family-owned business after 91 years being in business we know that there's a business cycle. what we need to continue to advocate for as job creators is the virtue of free enterprise. we need to stand up for the principles that are going to allow us to provide our people employment, to create prosperity. we have to do that in a unified way because, even though the forecast can look bleak at different times, we have an incredibly resilient economy. great job create, out there given the chance which make a big difference. that is what we have to continue working on. melissa: jim, aren't you afraid of being punished either by the public or by the government for speaking out at this point? i mean i have talked privately to people on wall street who have said, you know, they feel like get pistol-whipped when they say anything against the administration. that it comes back to bite them. at this point it is better to keep
. when it comes to the fiscal cliff threatening the economy and jobs, the white house has wasted another week. eight days ago the treasury secretary came here to offer a plan that had twice the planned tax hikes the president campaigned on. more stimulus spending than the added cuts, and did and didn't but net -- in definite increase on the debt limit. four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there has been no counter offer from the white house. instead, records indicate the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. intent of reforming the tax code, the president wants to raise tax rates. even if the president got the tax rate hikes he wanted, understand we would continue to see trillion dollar deficit for a start -- far is that i can see. listed, washington has a problem spending, not the revenue problem. the president does not agree with our proposal. i believe is an obligation to families and small businesses to offer a plan of his own, a pla
comes along, and we proverbially fall off the fiscal cliff. where will we feel it first? >> it's one thing after another. first thing is the payroll tax holiday. right away the first week you would have less money in your paycheck. people like alicia immediately would lose that check, and there's going to be 2 million people at the end of december who would lose their checks and another million by the end of the first quarter who would lose their checks according to the national employment law project. and your tax rates could go up for everyone. you could pay a higher tax rate, and guys like jeffrey sheninger have to figure out how to change that when you get paid by your company. >> effectively on january 1st we start to feel it if your employer can get their software changed. whether you see it on your check or not, it's going to be there ultimately at some point. bad news and very interesting news at the same time. >> i love her outlook about next year, though. even alicia has a promising outlook on next year. she thinks it will look better, and that is what carries her through.
to you and wait to see it. connell: to that point, if you are right about that, and the fiscal cliff does give push forward in some form again, if it is not may be priced in, the market may have a little bit of room to rally on it. if you look at the economy, it is actually doing okay. i think those things go away if we get a deal. i don't think that is priced in at all. connell: great to have you on. thank you for joining us today. >> my pleasure. dagen: a stock alert for you. it could be a record-setting day at fedex. this could be the busiest day in the company's history. they have about 300,000 permanent workers worldwide. they add an additional 20,000 workers for the seasonal work. it is up 1%. goldman sachs, speaking of the economy: even in the firm's baseline forecast, you can expect economic slowdown in early 2013. things will be even worse if washington cannot cut a deal. financial conditions will very likely be cliff like, early january. connell: stick around for the story coming out of australia. the police there are warning drivers that a problem with apple maps can actually
believe the fiscal cliff will be resolved in some fashion. we believe we have major head winds coming out of europe in the early part of 2013. we have italian elections were not shot going to be pretty and spanish issues to deal with $90 billion or ninety billion euro of maturities in 2013. what we have to focus on as investors is where we can put capital and find a way to get a return that does not require the s&p to be rallying sharply. dennis: you have another worry, apple. if we fall out of love with apple can stocks do well? 18% of the nasdaq index? >> there can be plenty of stocks doing well as apple goes down but i'm a big believer in leading stocks in the market and over the last year you had things like chipotle, green mountain coffee, netflix, apple seems to have what i consider the characteristic of every major top of a great stock and went from 15 to 700. it is overloaned andover's about love and showing serious distribution and if it keeps going down i think it could be indicative of markets. dennis: not just falling out of love because it is a cheap stock, 14 times earnings
progress in the fiscal cliff standoff. officials say president obama and the house speaker john boehner talked by phone tonight after each put new offers on the table. we are live in d.c. with the late breaking details on that. plus, we're getting more new reports from portland, oregon where there has been a series of shootings at the clackman's center mall. we can now report that multiple witnesses are saying to multiple television stations that a gunman had a rifle that more than 60 shots were fired and this is new. he was trussed in camo and wearing a mask and to the best of our knowledge, he is still in there somewhere. continuing breaking news coverage after this. ory keeps c. ory keeps c. so i'm not listening... to anyone but myself. i know better nutrition when i see it: great grains. great grains cereal starts whole and stays whole. see the seam? more processed flakes look nothing like naturalrains. you can't argue with nutrition you can see. great grains. search great grains and see for yourself. for multi grain flakes tt are anxcellent source of fiber try great grains banana n
rocket previously scheduled to take place as early as this coming monday. it offered no explanation for the apparent delay. here at home, we are just over three weeks away from falling over the so-called fiscal cliff, that combination of tax increases and deep federal spending cuts. nancy cordes reports, the back- and-forecast showed no sign of letting up today 20 white house and republicans in congress. dr reporter: in his saturday weekly address, president obama nignaled he is open to making cuts on programs like medicare agd medicaid if republicans atree to raise tax rates for the rich. fini'm willing to find ways to cing down the cost of health care without hurting seniors and dther americans who depend on it. and i'm willing to make more entitlement spending cuts on top of the $1 trillion in spending duts i signed into law last year. >> reporter: his remarks came one day after house speaker john aehner announced the talks were stalled. >> well, this isn't a progress report because there's no progress to report. >> reporter: his democratic counter-part, nancy pelosi, blamed boeh
negotiations to avert the fiscal cliff. >> the public spoke with this election. the republicans lost. and that means that they need to be the ones to come to the table, and they need to demonstrate that they can compromise. i don't think there is any question that this president has attempted over and over and over again to come to the table to compromise, you know, cut $1.6 trillion, you know, out of the budget cuts when the republicans held these guys up with the debt ceiling debate this last year 2011. for boehner, you know, where i feel he is losing credibility, one is by being, you know, beaten up by eric can'tor, two by refuse to go put up specifics and saying to the president of the united states you need to put up spending cuts. on needs to show leadship. >> without question. without question >> bill: you are right. that was the romney plan. the american people have spoken. they wanted the obama plan. >> his respect and popularity would go through the roof. >> president jim hoffa next. >> this is "the bill press show." [ music ] every day prese
this essential issue that is coming before the people of this country as described to be a fiscal cliff. quite frankly, we need to look back at alice in wonderland to see from where we have come. and in the case of alice in wonderland, there is a line that says, if you don't know where you're going, any road will get you there. and certainly in the case of congress, the republicans have laid out a road, it's a road back -- road map for america's future. it is designed by our house budget committee, chaired by congressman paul ryan from wisconsin. and it lays out a plan for spending. it lays out a plan to sustain the viability and vitality of social security and medicare and medicaid into the future, to make sure that seniors now can enjoy the benefits that they've earned through social security, medicare and medicaid. and that the young people who are paying for it now will have those benefits available to them when they retire or when they need them. that is our road map to america's future. that is our budget. it passed this house unanimously through members of congress who are of the republ
parties can't get together to come to agreement on avoiding the fiscal cliff. it's as if some are in denial that there was an election and that the president won reelection. and that a whole bunch of us won reelection to the senate and to the house. it's as if the ideological rigidity is still indoctrinaire. and the lesson as that the people were telling us about -- and the lessons that the people were telling us about bipartisanship, that they demand bipartisanship, as if the parties and their leaders didn't understand that that's what the american people were demanding. and here, as the drumbeat grows louder as we approach december 31st and falling off the fiscal cliff. now, there's an easy cliff, whatever your ideology and your approach to this. it can be hammered out next year when we are doing major things, such as a rewrite of the i.r.s. tax code and all that that can portend in producing revenue. by making the code more streamlined and in the process get rid of a lot of the underbrush, loopholes, utilize that revenue to lower rates. but that's for another day after long
this morning on fiscal cliff negotiations. he tells cnn he is starting to see more and more republicans coming around to the idea of raising taxes on the top 2%. there is a letter that acknowledges that there is just so much that individual members can do at this point. after the election, we saw more than 65 petitions pop up on a white house webpage people asking that their state succeed from the union. puerto rico may be going the other direction. the majority of voters want in. some officials say the two-part question on the ballot was confusing and unclear, and not an indication that people there want to be a part of the united states, but others say the change is definitely coming. we're back after the break. come with us. ♪ every day presents another exciting issue. from financial regulation, iran getting a nuclear bomb, civil war in syria, fraud on wall street, destruction of medicare and medicaid. there are real issues here. having been a governor, i know that trade-offs are tough. things everyday exploding around the world that leave no shortage for exciting c
at a cushion to the gulf. >> reporter: one last question. the fiscal cliff, we talk about it, historical, dollar down, commodities up. i see less bang for the buck on commodities, the more q.e. into the system. i'm not sure it's working. >> i think if we get more q.e., and we're likely to get more today which is qe3 part two or qe4, however you phrase it, the fed will announce additional purchases and treasuries, i think that is -- the fiscal cliff is a different situation. i think they'll resolve it at the last minute partially in a temporary short-term way so we don't go into a major recession next year. but i think that things are going to be positive. >> reporter: i know you don't think it's complimentary to say you're like a linebacker, but i'm going to need you in a minute. the media scram is vicious. not only do we have the president of prestige economics, we had a first on cnbc, a coup, my jeer nigerian oil minister, back to you. >> you're staying at the intercontinental, things are looking up. >> reporter: what have i done right? i thought those were the good old days of gone. >
the potus going on vacation while the country is in the middle of the fiscal cliff -- he is saying it was huberous -- >> stephanie: because no president in the history of the republicans has ever gone on vacation. >> oh no. he has just come through a campaign and i haven't heard of him taking the 15 vacations that w took and everything -- it's just unbelievable that he could actually bring that out -- >> stephanie: that was different. >> caller: it's like there is nothing he can do. the ball is in the republican's court now. >> stephanie: that's right. but george bush was clearing brush, and he was working hard. >> it's hard work. now watch this. [ mocking laughter ] >> stephanie: i always felt bad for the secret service agents who's job was to put brush down -- >> here we go. >> stephanie: forty-five minutes after the hour -- [overlapping speakers] >> stephanie: no you have the wrong kind of brush in here. >> stephanie: forty-five minutes after the hour right back on the "stephanie miller show." >> announcer: dammit jim, you made me snarf on my keyboard aga
the fiscal cliff? [laughter] >> this is off the record? >> just us. >> there is no reason the country should not be able to come together and overcome the dysfunction to have a broad, fair agreement revenues from those who can afford it most and the type of entitlement reform that we need to gather to be part of a balanced deficit reduction package. everyone has to realize compromise is not a dirty word. there's just no reason. they're the reason it should come to that. i will connect a slightly to our discussion here in two points. one reason you want to have an agreement that does include the type of significant revenues and mandatory savings is that because we cannot come to an agreement on that, we continue to cut too deeply into some of the domestic discretionary where a lot of our investment in the future comes from. i agree completely with what senator alexander said about the and portents -- about the importance of our andy in breakthrough technologies -- of research and development that would not get funded simply because no individual actor can capture the benefits of the research
23 days away from the fiscal cliff and we're still seeing the wheeling and the dealing, behind closed doors, though. one senior republican senator says he has had enough of all the secrecy and he's coming outfront with us to talk about it. plus, some new details in that portland area mall shooting. we're going to give you a first look at the man that police say was responsible. they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus,
. >> to washington, d.c. now and the fiscal cliff negotiation. the back and forth between both sides hasn't been complimentary. quite the opposite, in fact, which means the country needs to prepare for what comes next. that would be automatic spending cups and the expiration of bush era tax breaks. the pentagon has been preparing, and as our john callan reports, so have families who have a whole lot to lose if a deal doesn't get done. >> reporter: jeremy connor, married father of two. >> i've worked recently for a very large defense contractor, and my wife works for that same defense contractor. >> reporter: he left that job after 18 years for more stability since the couple both worked in the same department. >> the discussion of the fiscal cliff just made sense for one of us to get out. >> you know, we didn't know what it looked like down the road, if we were even going to have jobs at all. >> reporter: pentagon's budget for the next ten years has already been flashed $500 billion, and could face another half trillion in automatic cuts if congress fails to compromise on a deficit-reducing agre
looking at that so-called fiscal cliff that's looming, we're looking at different aspects of it. and today we turn our attention to the alternative minimum tax and the patch that could come from congress if they're able to work out a deal. if they do nothing, this will impact 30 million americans. joining us to discuss is georgetown law's john buckley. thank you for being here. john buckley, let's begin. what is the alternative minimum tax? >> guest: well, in very simple terms, the tax requires you to pay the greater of what you pay under the regular income tax or what you would compute under the minimum tax which has a slightly broader base. it disallows some deductions that would be allowed in the regular tax. in some respects it's very similar to the cap on itemized deductions that's currently being discussed. rather than directly attack preferences and expenditures, it essentially puts an overall cap on the benefit. there's no new ideas in this debate. the cap bears a very strong relationship to how the alternative minimum tax works. >> host: here is the form 6251 from the irs for the
and strong arm numbers into volting for it because they have to so we don't go over the fiscal cliff later. >> i want to jump on to the next topic chlgt this has been a big one. robert, i start with you, history in the making with the latest poll showing a reversal in attitudes toward marriage equality. 37% thought same-sex marriage should be legal in 2004, now 53% are in support. is the republican party going to evolve with public sentiment on this issue, at least on the public front? perception being reality, the republican party is perceived to be behind the times on this issue. >> thomas, the short answer is i don't know. the long answer is there's two conversations going on within the republican party. do the evangelical wing of the party continue to dominate and they have since 1964 or is the libertarian wing of the party, something i'm more familiar with going to control the party. when you look at the libertarian wing of the party, they are about less government. we could care a less what you do in the privacy of your bedroom and who you fall in love with. it's more about limited g
. >> the joint economic committee today heard from the two economists on how to deal with the fiscal cliff. marchese said tax increases are necessary to reduce the deficit. senator bob casey of pennsylvania chaired the hearing. >> the committee will come to order. we want to thank everyone for being here today. i did not have a chance to personally greet our witnesses, but i will have time to do that later. i want to thank both of our witnesses for being here. i will have an opening statement that i will make, and then i will turn it to dr. burgess. i know that vice chairman brady will be her as well. we know the challenges that we confront here in congress on a whole range of issues which are sometimes broadly described under the umbrella of the terminology, fiscal cliff -- when we confront those difficult challenges, we have to ask ourselves a couple of basic questions. one of the basic questions we must ask is, what will be the result and will be the impact as it relates to middle income families? what will happen to them in the midst of all these tough issues we have to work out? we kn
this fiscal cliff thing obviously everybody's talking about oh we've gotta cut the entitlements like medicare. you've been pointing out something for awhile that we don't have a medicare problem. we have a healthcare cost problem. explain please, healthcare geek. >> this is one of the things people should really pay attention to because the healthcare crisis in this country gets so complicate and convoluted that people tune it out and then the republicans have this incredible opportunity to swoop in and make stuff up. we don't have a medicare problem. we have a healthcare cost problem. there is no competition in the healthcare market place right now. >> stephanie: right. >> okay. and people make money in the healthcare industry when prices go up. >> right. >> corporations make money when prices go up. we're talking about medical device manufacturers, drug companies, health insurance companies, they all make money the higher the prices are. they have no incentive to work for the public good. their incent sieve t
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